Gartmore subfunds launched into Sicav range

The group has been considering merging the Jersey-based Capital Strategy fund into its Sicav range for the past 18 months. It initially sought investor approval for the move in January and the proposal was approved last month. The 21 subfunds that were included under the Capital Strategy umbrella have now been integrated into the new and existing funds within the group’s Luxembourg range.

The new launches include eight equity, bond and cash funds – all of which have been created to accept corresponding asset classes from the Capital Strategy fund – as well as one new fund. The Gartmore Sicav Pan European Focus fund, managed by Gary Clarke, was launched alongside the other eight funds because of investor demand, according to the group. Clarke also manages the £77.9m onshore Continental European Focus fund.

Other funds added to the Sicav range include the Gartmore Sicav US Smaller Companies fund, managed by Gil Knight and Nick Ford, and the Continental European Smaller Companies fund, managed by Jonathan Sharpe and Moni Sternbach. The Sicav Eurobloc fund will be managed by Adrian Darley, with the UK fund managed by Jon Thornton, Sacha Sadan and Eric Moore.

The group also launched a Global Bond fund, managed by Bob Jolly, and euro, sterling and dollar money funds, managed by Andrew Russell and Christopher Pryer.

The new Sicav funds have also been given UK distributor status, making them available to British investors.